Russian gas exports to Serbia grow by 42.2 per cent since early 2017
RELEASE
Release
A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Aleksandar Antic, Minister of Mining and Energy of the Republic of Serbia, took place today at the St. Petersburg International Economic Forum 2017.
The parties discussed Russian gas exports to the Serbian market. It was noted that in 2016 Gazprom’s gas deliveries to Serbia had added 4.3 per cent compared to 2015. On top of that, the first half of 2017 saw a considerable increase in the demand for Russian gas: from January through May 2017 Gazprom’s gas supplies to Serbia climbed 42.2 per cent compared to the same period of 2016.
In light of the growing demand for gas imports, the meeting participants stressed the need to establish additional routes for gas supplies to the European market and develop the gas transmission infrastructure within Europe.
Background
Gazprom’s partner in Serbia is Srbijagas, a state-owned company focused on gas transportation, storage and distribution in Serbia.
In 2013, a long-term contract was inked for Russian gas supplies to Serbia for the period of 10 years. In 2016, Gazprom exported 1.75 billion cubic meters of gas to Serbia.
In 2015, Gazprom and Srbijagas signed a Memorandum of Understanding, which reflects the parties' intent to consider the possible ways of promoting cooperation in the areas of underground gas storage, use of gas as a vehicle fuel, and small-scale LNG, including as part of scientific & technical cooperation. Pursuant to the Memorandum, the parties will also address the possibility of expanding the Banatski Dvor UGS facility.